Ripple Faces Major Breach With 213 Million XRP Lost
213 million XRP ($112.5 million) were lost in a significant breach as Ripple attempted to recover assets and secure its platform. ZachXBT has recently reported that Ripple has experienced a significant breach, resulting in the depletion of an estimated 213 million XRP, equivalent to $112.5 million in value. The revelation of the incident on January […]
$674M Worth of Stolen Crypto Successfully Recovered in 2023
According to blockchain security firm PeckShield, about $2.61 billion in losses were recorded in the crypto industry in 2023. Also, stolen assets worth $674 were recovered successfully from over 600 large-scale hacks in the same year. PeckShield stated in its report dated January 29 that the amount represents a decrease of 27.78% compared to 2022 […]
Socket Protocol Recovers 1032 ETH Stolen From Hack
Cross-chain bridge Socket protocol has recovered two-thirds of the stolen ETH funds in a recent breach, which led to the loss of about $3.3M. The socket protocol’s official X account has reported the recovery of 1,032 Ether, valued at $2.3 million, out of a total of $3.3 million stolen. Soon, the protocol will disclose a […]
Radiant Capital Begins Debt Repayment Following Hack
Cross-chain lending platform Radiant Capital has begun debt repayment of debt following the depletion of the protocol’s funds by $4.5 million earlier this month due to a flash loan exploit. As of the announcement on January 23, Radiant has effectively completed an initial payment totaling 1,190 Ether ($2.6 million), leaving behind an estimated 720 ETH […]
SEC Confirms MFA Deactivation Linked to X Account Hack
SEC Confirms MFA Deactivation Led to Jan 9 X Account Breach, Impacting Cryptocurrency Market and Triggering False Bitcoin ETF Approval News. The SEC, representing the United States, has issued a statement acknowledging a security compromise on its official X account (previously Twitter), detailing a SIM swap attack as the cause of the breach. On January […]